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Radware Selected By Major Business Information Provider To Support Increased Capacity Needs From Switch to Remote Work

MAHWAH, N.J./3/31/2020

Radware Selected By Major Business Information Provider To Support Increased Capacity Needs From Switch to Remote Work

Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that a long-term customer, a major business information provider, has invested in additional application delivery solutions to support a rapid increase in traffic due to a combination of a surge in data consumption and the transition of 17,000 of its employees to a remote work environment as a result of the global pandemic crisis.

“As a provider of real-time information and data, this company is committed to seamless customer experience and cannot afford to be negatively impacted by capacity limits at times of amplified activity,” said Roy Zisapel, Radware Chief Executive Officer. “In times of crisis, this company turned to Radware based on the trust built from a longstanding relationship and proven track record.”

Radware’s Alteon is a next-generation application delivery controller (ADC) that provides advanced, end-to-end local and global load balancing capabilities for all web, cloud, and mobile-based applications. Alteon load balancers combine best-of-breed application delivery capabilities, market-leading SSL performance that supports all of the latest encryption protocols and advanced services to companies with ongoing application lifecycle management challenges that impact the performance of web applications (such as heavy, complex web content), mobility, and the migration to the cloud.

Safe Harbor Statement

This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware's current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism and natural disasters and public health crises, such as the impact of the recent coronavirus outbreak; intense competition in the market for Application Delivery and Network Security solutions and our industry in general; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.